East Baton Rouge’s Park Forest Subdivision Update For February 2009

Solds In Park Forest From 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $148,627
Average Sold Price Per Sq. Ft.: $84.91
Median Sold Price: $147,900
Low Sales Price: $110,000
High Sales Price: $280,000
Average # of Days On Market: 43
# of Sales: 51

Solds In Park Forest From 01/01/2008 to 02/18/2009 reveals:
Average Sales Price: $134,043
Average Sold Price Per Sq. Ft.: $88.41
Median Sold Price: $134,450
Low Sales Price: $90,000
High Sales Price: $196,000
Average # of Days On Market: 94
# of Sales: 28

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Subdivision, the market direction appears to be declining. The Average Sales Price has declined -$14,584 or -9.81%. Median Sales Price has declined -$13,450 or -9.09%. Average Sold Price Per Sq. Ft. has increased +$3.50/sf or +4.12%.

Park Forest data is presented with the permission of the Greater Baton Rouge Association of Realtors.

Author’s Bio:

Bill Cobb, CREA, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 17 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Home Appraisal Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

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About Bill Cobb, Appraiser

The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 24 years experience as a Baton Rouge Residential Home Appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! 225-293-1500